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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Mar. 31, 2019
ASSETS    
Cash and cash equivalents (including interest-earning accounts of $27,866 and $5,844) $ 41,968 $ 22,950
Certificates of deposit held for investment 249 747
Loans held for sale 275 909
Investment securities:    
Available for sale, at estimated fair value 148,291 178,226
Held to maturity, at amortized cost (estimated fair value of $28 and $35) 28 35
Loans receivable (net of allowance for loan losses of $12,624 and $11,457) 898,885 864,659
Prepaid expenses and other assets 7,452 4,596
Accrued interest receivable 3,704 3,919
Federal Home Loan Bank ("FHLB") stock, at cost 1,420 3,644
Premises and equipment, net 17,078 15,458
Deferred income taxes, net 3,277 4,195
Mortgage servicing rights, net 191 296
Goodwill 27,076 27,076
Core deposit intangible ("CDI"), net 759 920
Bank owned life insurance ("BOLI") 30,155 29,291
TOTAL ASSETS 1,180,808 1,156,921
LIABILITIES:    
Deposits 990,448 925,068
Accrued expenses and other liabilities 11,783 12,536
Advanced payments by borrowers for taxes and insurance 703 631
FHLB advances   56,586
Junior subordinated debentures 26,662 26,575
Finance lease liability 2,369 2,403
Total liabilities 1,031,965 1,023,799
COMMITMENTS AND CONTINGENCIES (See Note 17)
SHAREHOLDERS' EQUITY:    
Serial preferred stock, $.01 par value; 250,000 shares authorized; issued and outstanding: none
Common stock, $.01 par value; 50,000,000 shares authorized March 31, 2020 - 22,748,385 shares issued and 22,544,285 shares outstanding March 31, 2019 - 22,607,712 shares issued and outstanding 225 226
Additional paid-in capital 64,649 65,094
Retained earnings 81,870 70,428
Accumulated other comprehensive income (loss) 2,099 (2,626)
Total shareholders' equity 148,843 133,122
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,180,808 $ 1,156,921